Post Utme Unn 2020 Commerce Question 31
Practice objective / multiple choice question 31 from the 2020 Post Utme Unn Commerce examination.
A company is considering the introduction of a new product. The product's demand is expected to be highly seasonal, with peak demand during the summer months. The company's production costs are as follows: fixed costs of ₦1,500,000 per month, and variable costs of ₦500 per unit produced. The selling price of the product is ₦1,000 per unit. If the company wants to maximize its profits, what is the optimal production level for the summer months?
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About This Question
This is Post Utme Unn 2020 Commerce Question 31. It is one of the objective questions from the 2020 Post Utme Unn Commerce examination.
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